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Annual General Meeting vs. Extraordinary General Meeting: What's the Difference?

Edited by Huma Saeed || By Sumera Saeed || Published on February 8, 2024
An annual general meeting (AGM) is a yearly gathering of a company's shareholders, while an extraordinary general meeting (EGM) is convened for urgent matters outside the regular schedule.

Key Differences

AGMs are regularly scheduled, typically annually, for standard organizational matters like electing the board of directors and presenting financial statements. EGMs, however, are held as needed, often for urgent or unexpected issues requiring shareholder approval.
Sumera Saeed
Feb 08, 2024
The AGM is a planned event for routine company affairs, such as approving annual accounts and director appointments. The EGM is called for extraordinary situations, like addressing a merger or a major business change, often on short notice.
Huma Saeed
Feb 08, 2024
AGMs are held once a year, as the name suggests, and are usually predictable in timing. EGMs are convened without a regular schedule, triggered by special circumstances that demand immediate attention.
Sumera Saeed
Feb 08, 2024
The agenda of an AGM is often broad, covering a wide range of standard business topics. In contrast, EGMs typically have a focused agenda, dealing specifically with the issue that necessitated the meeting.
Sumera Saeed
Feb 08, 2024
Both AGMs and EGMs are governed by a company's bylaws and relevant corporate laws, but the legal requirements for calling, conducting, and voting in these meetings can differ, reflecting their distinct purposes.
Janet White
Feb 08, 2024
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Comparison Chart

Frequency

Held annually
Convened as needed
Sumera Saeed
Feb 08, 2024

Purpose

Routine company affairs
Urgent or special matters
Sumera Saeed
Feb 08, 2024

Scheduling

Regularly scheduled
Unscheduled, often on short notice
Sumera Saeed
Feb 08, 2024

Typical Agenda Items

Financial reports, elections
Specific issues like mergers or crises
Aimie Carlson
Feb 08, 2024

Legal Requirements

Standard requirements for annual meetings
Special requirements for urgent meetings
Harlon Moss
Feb 08, 2024
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Annual General Meeting and Extraordinary General Meeting Definitions

Annual General Meeting

AGM is a yearly meeting of shareholders to discuss company affairs.
The company's AGM discussed the annual financial results and elected new board members.
Sumera Saeed
Jan 26, 2024

Extraordinary General Meeting

EGM allows shareholders to decide on unexpected significant business events.
The EGM voted on a major acquisition that arose outside the usual business cycle.
Sumera Saeed
Jan 26, 2024

Annual General Meeting

AGM is an obligatory annual assembly for reviewing fiscal and administrative reports.
During the AGM, shareholders reviewed the CEO's performance and future strategies.
Sumera Saeed
Jan 26, 2024

Extraordinary General Meeting

EGM is convened for timely shareholder input on unforeseen situations.
The EGM was called to amend the bylaws in light of new legal requirements.
Sumera Saeed
Jan 26, 2024

Annual General Meeting

AGM is a statutory meeting for updates on corporate governance and operations.
At the AGM, the board presented a new corporate governance framework.
Sumera Saeed
Jan 26, 2024

Extraordinary General Meeting

EGM is a special meeting called for urgent or extraordinary company matters.
An EGM was convened to discuss the sudden resignation of the CEO.
Sumera Saeed
Jan 26, 2024

Annual General Meeting

AGM is an annual event for corporate transparency and accountability.
The AGM provided a detailed account of the company's environmental initiatives.
Sumera Saeed
Jan 26, 2024

Extraordinary General Meeting

EGM serves as a platform for crisis management and urgent decision-making.
The EGM focused on strategies to handle the unexpected regulatory changes.
Sumera Saeed
Jan 26, 2024

Annual General Meeting

AGM serves as a formal platform for shareholder voting on corporate decisions.
The AGM saw a majority vote in favor of the proposed merger with a rival company.
Sumera Saeed
Jan 26, 2024

Extraordinary General Meeting

EGM is an unscheduled meeting to address immediate and critical issues.
The company held an EGM to approve emergency funding during the financial crisis.
Sumera Saeed
Jan 26, 2024

FAQs

What is an EGM?

An unscheduled meeting for urgent or extraordinary company matters.
Sumera Saeed
Feb 08, 2024

Who can call an EGM?

Typically, the board of directors or a significant shareholder group.
Aimie Carlson
Feb 08, 2024

What happens if I miss an AGM?

You can usually access meeting minutes or recordings later.
Sumera Saeed
Feb 08, 2024

What is an AGM?

It's an annual meeting for shareholders to discuss yearly reports and elect directors.
Sumera Saeed
Feb 08, 2024

What triggers an EGM?

Urgent matters like leadership changes or major decisions.
Sumera Saeed
Feb 08, 2024

Is attendance mandatory at AGMs?

Not mandatory, but strongly recommended for shareholders.
Sumera Saeed
Feb 08, 2024

Are AGMs public events?

Usually, they are only open to shareholders and company officials.
Harlon Moss
Feb 08, 2024

Can EGMs be held virtually?

Yes, if the company's bylaws permit.
Sumera Saeed
Feb 08, 2024

Are EGMs common?

Less common than AGMs, as they are only for urgent matters.
Aimie Carlson
Feb 08, 2024

How are votes counted at AGMs?

Typically, by a show of hands or electronic voting.
Sumera Saeed
Feb 08, 2024

How often is an AGM held?

Annually, as mandated by company bylaws.
Sumera Saeed
Feb 08, 2024

Can an AGM be postponed?

Yes, if circumstances require and bylaws allow.
Harlon Moss
Feb 08, 2024

Can any topic be discussed at an EGM?

Only those specified in the meeting notice.
Sumera Saeed
Feb 08, 2024

What is the notice period for an AGM?

Varies by company but typically several weeks in advance.
Aimie Carlson
Feb 08, 2024

What is a proxy vote in AGMs and EGMs?

A vote cast by someone else on behalf of a shareholder.
Janet White
Feb 08, 2024

Are EGM outcomes binding?

Yes, decisions made are legally binding.
Sumera Saeed
Feb 08, 2024

Can AGM agendas be changed last minute?

Typically, no. Agendas are set in advance.
Sumera Saeed
Feb 08, 2024

Is shareholder approval always required at EGMs?

Yes, for the matters being discussed.
Harlon Moss
Feb 08, 2024

Can decisions be made without an EGM?

Depending on the bylaws, some decisions may require an EGM.
Janet White
Feb 08, 2024

Who can attend EGMs?

Shareholders and certain company officials.
Aimie Carlson
Feb 08, 2024
About Author
Written by
Sumera Saeed
Sumera is an experienced content writer and editor with a niche in comparative analysis. At Diffeence Wiki, she crafts clear and unbiased comparisons to guide readers in making informed decisions. With a dedication to thorough research and quality, Sumera's work stands out in the digital realm. Off the clock, she enjoys reading and exploring diverse cultures.
Edited by
Huma Saeed
Huma is a renowned researcher acclaimed for her innovative work in Difference Wiki. Her dedication has led to key breakthroughs, establishing her prominence in academia. Her contributions continually inspire and guide her field.

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